Silver crashes ₹8,590 per kilo to 7-month low; gold hits 2-month low. What’s driving the selloff in precious metals

Silver fell ₹8,593 per kilogram to a seven-month low of ₹2,00,575 on MCX, while gold dropped to a two-month low. Rising Middle East tensions lifted oil prices and increased expectations of further US Federal Reserve rate hikes.

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